Culp CEO Saxon to assume additional role of vice chairman
Culp announced the company's board of directors has approved changes in the executive management structure of the company, effective October 1, 2018. Robert G. Culp, III, one of the company's founders, will remain as chairman of the board, but he will change his role to become less involved in the day to day management of the company. He will continue in his role as a strategic advisor and remain involved in customer and home furnishings industry relationships. Franklin N. Saxon, president and chief executive officer of Culp, Inc., will assume the additional role of vice chairman of the board of directors. Saxon joined the company in 1983 and has been a member of the board since 1987. He has served as president and chief executive officer since 2007.